Since last february, the average hourly wages have increased by more than five % historically. But with cost of goods at its highest level in forty years, it's posing a thread to the nation's economic recovery. So we have trillions of dollars floating around the economy from thi we also have a tight labor market. What does it take now? What will it take now to bring inflation down? i think there are few key policies to pursue here. In short term thing, you got to get the virus under control. And that's a tough public health challenge.
Last year, Vox correspondent Dylan Matthews didn’t think inflation would be a big deal. He wasn’t the only one to miss the mark.
This episode was produced by Will Reid, edited by Matt Collette, engineered by Paul Mounsey, fact-checked by Laura Bullard, and hosted by Noel King.
Transcript at vox.com/todayexplained
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